1. The basic elements to constitute a contract are as follows:

1. Capacity
2. Certainty
3. Intention to create legal relation
4. Consideration
5. Acceptance
6. Offer

1. i, ii and iii
2. i, ii, iii and iv
3. i, ii, iii and iv and v
4. all of the above

2. The word contract under Section 2(h) of the Contract Act 1950 may be defined as:

a. when a person signifies to another his willingness to do or to abstain from doing anything, with a view to obtain assent of that other to the act or abstinence

b. when the person to whom the proposal is made signifies his assent thereto, the proposal is said to be accepted

c. the person making the proposal is called the promisor and the person accepting the proposal is called the promisee

d. an agreement enforceable by law or an agreement which is legally binding between the parties.

7. A proposal is revoked ( Section 6 Contracts Act 1950 ):-

i. by the communication of notice of revocation by the proposer to the other party

ii. by the lapse of time

iii. by failure of the acceptor to fulfill a condition precedent of acceptance

iv. by the death or mental disorder of the proposer

a. i and ii

b. ii and iii

c. i and iii

d. i, ii, iii, and iv